The EURJPY pair succeeded in facing stochastic negativity by its stability above 172.00 level yesterday, to form some of the bullish waves to approach from the barrier at 173.50, forming an obstacle against the attempts of resuming the bullish attack.

To confirm the attempts of resuming the bullish attack, we recommend waiting for breaching the barrier and providing positive close above it, to increase the chances for recording extra gains that might extend to 174.25 reaching 1.809%Fibonacci extension level at 175.20, while the price failure to breach this level will force it to provide more of the sideways trading, and there is a new chance to decline towards 171.60.

The expected trading range for today is between 172.60 and 174.25

Trend forecast: Bullish

The GBPJPY pair provided slow trading in the last period, affected by the contradiction between the main indicators’ positivity and its negative stability below 200.40 barrier, the negative stability supports activating the bearish correctional track in the near period trading, attempting to target some of the negative stations by its decline to 198.60 reaching the extra support at 197.85.

The price success in breaching the current barrier and holding above it, will confirm its readiness to resume the main bullish attack, to expect its rally towards 201.55, then attempts to reach 161.8%Fibonacci extension level at 202.45.

The expected trading range for today is between 198.60 and 200.40

Trend forecast: Bearish

Platinum price ended its last attempts of breaching the barrier at $1400.00 with clear failure, to keep forming mixed trading as appears in the above image.

The main stability within the bullish track depends on the stability of the support at $1340.00, besides providing positive momentum by the main indicators, make us wait for achieving the required breach, to open the way for recording extra gains that might begin at $1412.00 and $1435.00.

The expected trading range for today is between $1375.00 and $ 1412.00

Trend forecast: Bullish

Copper price activated with the positive factors, especially with the positive factors of stochastic by its exit from the oversold level, to settle near the initial positive target at $4.6200.

The positive leaning above the moving average 55 reinforces the extra support at $4.2600, which supports the chances for resuming the bullish attack, to keep waiting to hit the next target at $4.7500, then monitor the behavior of the price to confirm the suggested targets in the upcoming trading.

The expected trading range for today is between $4.3800 and $4.7500

Trend forecast: Bullish